No, giving 48M + shares values TSi more highly and surely TSN too even using your logic. I read it that Mohnish and Deepak get 7% of the diluted share capital in TSN and additionally get 8%, that is how I get 15%.
You could try thinking about the 7% ESOP pool of TSi India which is being cancelled so that only 93% are being paid for, but at the end of the day 100% get acquired in one way or another and 7% share capital in TSN goes to Mohnish and Deepak. So, when you simplify the terms it seems to me that it equals 48M + 7% TSN + 8% TSN. I'm not sure exactly when "post-option transaction" is.
I'm not making any claims as to how this will be funded, I only gave an example of 48M debt to keep things simple. Earlier in this thread I gave an example of 48M issued entirely in shares. It just makes it easier to think about the consequences without mixing the two together.
- Forums
- ASX - By Stock
- Ann: Exclusive Option Agreement to Acquire Balance of TSi India-TSN.AX
No, giving 48M + shares values TSi more highly and surely TSN...
-
- There are more pages in this discussion • 79 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
IGO
IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity
MND
Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?